American, Indian Firms Ink Industrial Park Lease Agreement

Jul 9 , 2022

Two private manufacturing firms have inked deals with the Industrial Parks Development Corporation (IPDC) for space inside two industrial parks. Parker Clay, based in the US, has leased space in Addis Abeba's Bole Lemi Industrial Park for the manufacture of leather products. Akshay Jain Company will be leasing 40,000sqm in Jimma Industrial Park to set up avocado oil, biodiesel, and bio-fertiliser manufacturing plants. Led by Sandokan Debebe, the state-owned IPDC oversees over a dozen industrial parks across the country, where over 100 companies, both domestic and foreign, are engaged in manufacturing. Sitting on 400hct, its flagship[ Hawassa Industrial Park was the first – and largest – to be inaugurated six years ago.


Court Blocks BGI Ethiopia's Assets Trying High Stake Lawsuits

Judges at the Federal First Instance Court issued an injunction last week, halting the sale of BGI Ethiopia's headquarters and the transfer of shares in Brasseries International Holding Limited (B.I.H). The injunction, signed by Judge Girawork Yitbarek, ruled immediate delivery to the defendants. The legal action followed a high-stakes lawsuit filed by Zewudnesh G. Asrat, an 80-year-old woman, against BGI Ethiopia, Jean P. Blavierre, B.I.H, and Hebu Properties Limited. The plaintiff claims a...


Ethiopia's Third Shot at Peace Gets a $6.7m Boost

A 6.7 million dollars to finance the National Rehabilitation Commission (NRC)'s disarmament, demobilisation, and reintegration (DDR) program for nearly 370,000 ex-combatants, was pledged by the Japanese government. The financing will be channelled to the design, implementation and monitoring of the DDR program across eight regional states. Shibata Hironori, ambassador of Japan to Ethiopia, signed the agreement last week at the Ministry of Finance headquarters on King George VI St with Tesfalem...


Digital Startups Seek Level Playing Field

Digital service providers gathered to discuss the complexities of the country's startup ecosystem last week. Weak legal frameworks and limited access to financing emerged as key challenges, despite the potential for digital businesses to thrive. The event, organised by the Addis Chamber of Commerce & Sectoral Associations in partnership with the Center for International Private Enterprise (CIPE), brought together stakeholders from both the public and private sectors. Limited access to...